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Ian&EmmesMommy23
My family is complete!
Member since 11/08 12970 total posts
Name:
Diana
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Tax grievance question...FOLLOW UP QUESTION
If you grieve your taxes and win...does that affect the value of your home? I'm waiting until i gain equity in my house so I can refinance into a conventional loan from FHA...but if grieving will lower the value then that will hurt me.
ETA..i'm doing the grievance online...should i low ball the value of my house? I paid $415k over a year ago. Can I say i think the value is $450k, or should i say 420k?
Message edited 2/17/2015 2:44:57 PM.
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Posted 2/17/15 12:59 PM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
jellybean78
:)
Member since 8/06 13103 total posts
Name:
Mommy
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Tax grievance question...
I'm not an expert but I don't think so. I think the value of your home when it pertains to a mortgage is determined by an appraiser not the tax website that is all over the place BTW 
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| Posted 2/17/15 1:08 PM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: Tax grievance question...
It should increase the value of your home. If you pay less taxes than your neighbors, it should give your home's real market value up.
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| Posted 2/17/15 1:10 PM |
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Ian&EmmesMommy23
My family is complete!
Member since 11/08 12970 total posts
Name:
Diana
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Re: Tax grievance question...
Posted by ave1024
It should increase the value of your home. If you pay less taxes than your neighbors, it should give your home's real market value up.
i like the sound of that! :)
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| Posted 2/17/15 1:12 PM |
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Re: Tax grievance question...
Your assessed value for taxation purposes doesn't line up with fair market value. Bank appraisers and real estate agents don't even look at that when determining fair market value. We look at market data (recent sales, etc) to determine that.
So definitely go ahead with your grievance! 
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| Posted 2/17/15 2:13 PM |
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Mill188
LIF Adult
Member since 3/09 3073 total posts
Name:
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Re: Tax grievance question...FOLLOW UP QUESTION
for grievance purposes, you want the lowest value. However, it has to be realistic. The market is not dramatically different from where it was a year ago. Unless you bought a short sale or it wasn't an "arms-length" transaction, I would put the value at $415K.
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| Posted 2/17/15 3:49 PM |
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Ian&EmmesMommy23
My family is complete!
Member since 11/08 12970 total posts
Name:
Diana
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Re: Tax grievance question...FOLLOW UP QUESTION
Posted by Mill188
for grievance purposes, you want the lowest value. However, it has to be realistic. The market is not dramatically different from where it was a year ago. Unless you bought a short sale or it wasn't an "arms-length" transaction, I would put the value at $415K.
thank you!
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| Posted 2/17/15 4:08 PM |
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